Edgio ($EGIO)
Investment notes regarding $EGIO
Expected to file Cahpter 11
Notes as of 2024-02-06
• New Asset light strategy - Lower CapEx, costs scale with activity / better unit economics. Company was built as CapEx intensive CDN with high churn. New model has the potential to allow the company to have more software-like margins. Net Customer Retention is 92%.
• Layer0 security secures assets at the edge.
• Liquidity - Company refinanced convertible notes to 2027 maturity.
• Award winning technological solutions.
• Adjusted EBITDA break even by 4Q2023.
• JAM Stack - Javascript, API, MarkUp (HTML and CSS).
• LIMELIGHT NETWORKS Driving Performance, Productivity and Protection at the Edge
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